NEW YORK, May 27 (Reuters) – The euro softened slightly
against the dollar and yen on Tuesday after stronger U.S.
economic data and uncertainty persisted over possible European
Central Bank monetary policy action next month.
The euro steadily lost ground on the greenback as investors
in the United States and the Britain returned from long holiday
weekends and encountered higher-than-expected U.S. durable goods
data that was tempered by revisions to past reports.
NEW YORK (Reuters) – Thailand’s political turmoil over the last six months has caused a backlog of roughly 200 foreign investment projects awaiting government approval, the equivalent of about $12.3 billion, a senior government official said on Wednesday.
Ajarin Pattanapanchai, deputy secretary general of the Thailand Board of Investment, expects the projects, each exceeding 200 million baht ($6.17 million) in value, will be cleared by August.
NEW YORK (Reuters) – Emerging market credit default swap trading volumes surged 93 percent in the first quarter as investors scrambled to protect fixed-income portfolios because of the crisis unfolding between Ukraine and Russia.
Data released on Wednesday from EMTA, the emerging market debt trading and investment industry trade association, showed $409 billion in volume during the first quarter versus $212 billion logged in the same period a year ago.